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Live In Condo Underwriter Jobs in Indiana (NOW HIRING)

$89K - $105K/yr

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Live In Condo Underwriter information

What is a live in condo underwriter?

A Live In Condo Underwriter is a financial professional who evaluates and assesses the risk of insuring or lending to individuals purchasing or residing in condominium units, particularly when the owner lives in the unit. Their responsibilities include reviewing financial documents, property appraisals, and condominium association records to ensure that the property and borrower meet the lender’s or insurer’s guidelines. They play a critical role in the approval process for condo loans or insurance policies, helping to protect the financial interests of their company while enabling buyers to secure homes.

What are the key skills and qualifications needed to thrive as a live in condo underwriter?

To thrive as a Live In Condo Underwriter, you need in-depth knowledge of mortgage underwriting guidelines, risk assessment, and property appraisal, typically supported by experience in residential lending and relevant certifications. Familiarity with loan origination systems (LOS), automated underwriting systems (AUS), and compliance software is essential. Attention to detail, analytical thinking, and effective communication are crucial soft skills for evaluating applications and collaborating with loan officers and clients. These competencies are vital to ensure accurate risk assessment, regulatory compliance, and smooth loan approval processes.

What are some common challenges faced by live in condo underwriters and how can they be managed?

Live In Condo Underwriters often encounter challenges such as assessing unique property risks, navigating complex homeowner association (HOA) documents, and staying updated with changing regulations. Managing these challenges requires strong analytical skills, attention to detail, and regular communication with property managers, agents, and legal experts. Building a network of reliable contacts within the industry and staying current with training and regulatory updates can help underwriters make informed decisions and ensure compliance.

What is the difference between Live In Condo Underwriter vs Mortgage Underwriter?

AspectLive In Condo UnderwriterMortgage Underwriter
CredentialsTypically requires underwriting certification, finance or real estate backgroundRequires similar certifications, mortgage licensing, and financial knowledge
Work EnvironmentUsually in insurance or condo association settings, often office-basedPrimarily in banks, mortgage companies, or lending institutions, office-based
Employer & IndustryCondo associations, insurance companies, real estate firmsBanks, mortgage lenders, financial institutions
Search & Comparison IntentPeople comparing condo underwriting roles with mortgage underwritingPeople seeking info on mortgage underwriting roles

The main difference is that a Live In Condo Underwriter focuses on evaluating condo insurance or association applications, while a Mortgage Underwriter assesses mortgage loan applications. Both roles require financial knowledge and certifications, but they serve different sectors within the real estate and finance industries.

What are popular job titles related to Live In Condo Underwriter jobs in Indiana?

For Live In Condo Underwriter jobs in Indiana, the most frequently searched job titles are:

What cities in Indiana are hiring for Live In Condo Underwriter jobs?

Cities in Indiana with the most Live In Condo Underwriter job openings:

Production Underwriter

Donegal Insurance Group

Indianapolis, IN • On-site

$100K - $125K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 2 days ago

New


Job description

About the Role
Donegal Insurance Group has an opening for a Production Underwriter in the state of Indiana. As a member of our Commercial Lines team, this position will play a key role in generating new commercial lines business opportunities within a given territory. This is a full-time, remote position. The preferred candidates will live in the Indianapolis area.
Responsibilities and Duties
  • Develop strong business relationships with key agents and provide underwriting guidance to the agents.
  • Select, price, and develop coverage terms for commercial lines accounts to achieve profitable underwriting results and assist with providing leadership, support, and coaching for the underwriting function
  • Manage a territory of independent agents to ensure that profitability and growth objectives for the company are being met
  • Review new business applications to evaluate the degree of risk involved
  • Accept or decline risks based on the company's underwriting policies
  • Review application for completeness
  • Contact agents for missing or incomplete information
  • Maintain a profitable book of business within assigned levels of authority by using sound underwriting judgment and technical skills, and continued personal development to meet the company goals of quality and timeliness
  • Interpret insurance coverages for agents and insureds
  • Maintain and establish a good working relationship with agents and communicate underwriting decisions to agents and insureds

Qualifications and Skills
  • Bachelor's Degree with a background in insurance or equivalent experience
  • 8 years of underwriting and marketing experience at a company or agency level with a minimum of 5 years of underwriting experience should be in the commercial lines sector of insurance
  • Demonstration of self-development through the attainment of professional insurance designations, CPCU, ARM, PLU, etc.
  • Ability to create business opportunities by demonstrating excellent underwriting skills and product knowledge. Must possess a value-added service mentality
  • The expectation is this employee will travel 2 to 3 days per week to visit agents in the designated territory.
  • The preferred candidate will have a working knowledge of the Indianapolis/Indiana territory and established Property/Casualty agency relationship.

Starting Pay: The pay range for this position is $100,000 to $125,000 annually. The specific offer will vary based on an applicant's education, qualifications, professional experience, skills, abilities, and any applicable designations/certifications. The posted pay range reflects our ability to hire at different position titles and levels depending on background and experience. The pay range may also be adjusted based on an applicant's geographic location.
Performance-Based Incentive Opportunity: In addition to base salary, this position is eligible for a performance-based incentive opportunity tied to results within the assigned territory. The incentive is based on individual performance for the territory and is not guaranteed.
To apply, please submit your resume and online application
Competitive Benefits Package
Donegal Insurance Group offers a comprehensive benefits package for all full-time, permanent positions including:
  • Medical, Dental, and Vision Coverage: Available to you and your dependents. Coverage begins the first of the month after start date.
  • 401(k) with the first 3% matched at 100%: the next 6% is matched at 50%
  • Paid Time Off: Paid vacation, sick days, paid holidays, & bereavement days
  • Career Development: Including college partnership discounts and industry designation(s) reimbursements

Additional benefits include company-paid basic life insurance; short & long-term disability insurance; employee stock purchase plan; and employee assistance program (EAP). Learn more about our full benefit offerings by visiting our Benefits page.
Who We Are
Donegal Insurance Group provides commercial and personal insurance products through a network of independent agents in 21 states and across several regions of the U.S. In Texas, Colorado, Utah, New Mexico and Arizona, business is conducted under the Mountain States Insurance Group name; and in Michigan, business is conducted under the Michigan Insurance name.
Headquartered in Lancaster County, Pennsylvania, along with four (4) regional offices located in: Athens, GA, Grand Rapids, MI, Albuquerque, NM, and Glen Allen, VA, our steady growth and successes have allowed us to establish a culture of which we're proud. Check out our Glassdoor profile where our rating speaks for itself:
By joining Donegal, you would be joining a team of dedicated, hard-working employees, all with a common goal of providing peace of mind to our policyholders and being There when it matters most.™.
Work Arrangement
With each department and position being different, the work arrangement for a specific position will be reviewed with candidates during a initial phone screening. For a position not requiring an onsite expectation at one of our offices, the ideal candidate must live within our Donegal footprint. Current approved states are: AL, AZ, CT, DE, FL, GA, IA, IL, IN, MD, MI, MN, MO, NC, ND, NE, NH, NJ, NM, NY, OH, PA, SC, SD, TN, TX, UT, VA, WI, and, WV. (Please note, this list is subject to change without notice.)
E-Verify
Donegal Insurance Group participates in E-Verify in the following states: Alabama, Arizona, Florida, Georgia, Louisiana, Mississippi, Nebraska, North Carolina, South Carolina, Tennessee, and Utah. If you reside in one of the listed states, please review the "Notice of E-Verify Participation" and the "Right to Work Poster" on the links below:
  • Notice of E-Verify Participation Poster (English and Spanish)
  • Right to Work Poster (English and Spanish)